French Treasury
Rebukes Citigroup
Over Bond Trade

The French Treasury rebuked Citigroup Inc., saying the bank's contentious multibillion-dollar "Dr. Evil" bond trade in August tarnished the European markets.

The Treasury also penalized Citigroup by giving it a lower ranking on the Treasury's list of primary-bond dealers than would have been the case if the bank hadn't executed the trading strategy, which Citigroup traders internally code-named after the villain in the...